abyss

White House Watch: Is it Finally Time to Buy the…Abyss?

Judging by all the talking heads on TV, the chatter in some news rooms, some key Twitter feeds, Thursday was a buckle-the-seatbelts kind of day when realisation spread that there will be a pandemic that reaches the US causing many, many deaths, that stocks may still not be done with repricing lower even after the day’s […]
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How Machine Learning with Built-In Explainability Spells the End of Biased Algorithms

Davide Zilli, client services director at Mind Foundry discusses the importance of built-in ‘explainability’ in AI  and machine learning solutions to ensure full transparency and accountability. The financial sector, like many industries today, relies on algorithms to make sense of data, conduct large-scale machine learning (ML) analysis and forecast outcomes. These algorithms are both effective […]
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Bullard: Don’t Assume FOMC Will Cut Again

St Louis Federal Reserve Bank president James Bullard Wednesday cautioned markets not to assume that the Fed’s policymaking Federal Open Market Committee will cut interest rates again at its March 17-18 meeting. Bullard did not rule out another cut in the federal funds rate on March 18 in a telephone conference with reporters, but doubted […]
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White House Watch: Another Day of Unknowables

Facing weeks, months, a year or more of worsening virus news until a vaccine is ready, US officials told their White House audience of reporters Wednesday that, “Sadly, we received word today another American passed away.” Actually there were two more fatalities, California’s first and Washington State’s tenth. The daily virus briefing also included some […]
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Building Institutional Adoption of Crypto

Sponsored content Cryptocurrency performance continues to attract attention from institutions such as banks, hedge funds, asset managers and family offices. In fact, dedicated cryptocurrency funds returned more than 16 per cent in 2019, according to a survey from Eurekahedge, which contrasts with a traditional hedge fund strategy yield of 10.4 per cent, according to Hedge […]
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And Another Thing…

I mentioned in a recent column the increasing noise around fragmentation in equity markets, specifically end user frustration and unhappiness with it, but it is noticeable to me that the same discussion is gaining more volume in FX. Now I need to stress that this is not me (for about the 10th time) predicting consolidation […]
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Canada Echoes Fed with Half-Point Rate Cut

Canada followed the US by substantially lowering interest rates to buffer the shock of the COVID-9 virus that is reverberating through financial markets around the world. The Bank of Canada Wednesday lowered its target overnight rate by 50 basis points to 1.25%, its largest single rate cut since 2009. That cut led to a corresponding […]
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weaken

IMF: Virus Causing “Generalised Weakening Demand”

IMF managing director Kristalina Georgieva Wednesday said her institution and the World Bank are mobilising their resources to coordinate a global response to the coronavirus outbreak, with well more than $1 trillion available for a “people first” approach to mitigation. “The disease is spreading quickly with over one-third of our membership affected directly,” she said. […]
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pressure

Under Pressure, Fed Apt to Continue Easing

Whatever one may think of the wisdom of the Federal Reserve’s March 3 interest rate cut, it has embarked on a preemptive easing of credit in response to economic threats posed by the corona virus and seems likely to remain on that course. Not only did the Fed’s policymaking Federal Open Market Committee cut the […]
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White House Watch: Struggling to Get Ahead of Mystery Curve

Tuesday’s next step into the unknown was accompanied by major moves, from the credit markets to the Federal Reserve; meanwhile, the testing kits necessary to gauge the spread of the corona virus are closer to wide distribution. With 92,00 confirmed corona virus cases and more than 3,200 dead worldwide – now nine of them in […]
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